Contact Info

BB&T Corporation operates as the holding company for Branch Banking and Trust Company (Branch Bank), which provides a range of banking and trust services for retail and commercial clients, including small and mid-size businesses, public agencies, local governments, and individuals in the United States.
As of December 31, 2013, the company operated 1,825 branch offices in North Carolina, Virginia, Florida, Georgia, Maryland, South Carolina, Alabama, Kentucky, West Virginia, Texas, Tennessee, Washington DC and Indiana.
Lending Activities
As of December 31, 2013, the company’s loans and leases included commercial; direct retail lending; sales finance; revolving credit; residential mortgage; and other lending subsidiaries.
Sales Finance Loan Portfolio: The sales finance category primarily includes secured indirect installment loans to consumers for the purchase of new and used automobiles, boats and recreational vehicles. Such loans are originated through approved franchised and independent dealers throughout the company’s market area. These loans are homogenous and no single loan is individually significant in terms of its size and potential risk of loss. In addition to its normal underwriting due diligence, the company uses application systems and scoring systems to help underwrite and manage the credit risk in its sales finance portfolio. Also included in the sales finance category are commercial lines, serviced by the Dealer Finance Department, to finance dealer wholesale inventory (Floor Plan Lines) for resale to consumers.
Revolving Credit Loan Portfolio: The revolving credit portfolio comprises the outstanding balances on credit cards and the company’s checking account overdraft protection product, Constant Credit. The company markets credit cards to its existing banking client base and does not solicit cardholders through nationwide programs or other forms of mass marketing. Such balances are generally unsecured and actively managed.
Residential Mortgage Loan Portfolio: Branch Bank offers various types of fixed- and adjustable-rate loans for the purpose of constructing, purchasing or refinancing residential properties. The company primarily originates conforming mortgage loans and higher quality jumbo and construction-to-permanent loans for owner-occupied properties.
Other Lending Subsidiaries Portfolio: The company’s other lending subsidiaries portfolio consists of loans originated through six line of business s that provide specialty finance alternatives to consumers and businesses, including dealer-based financing of equipment for small businesses and consumers, commercial equipment leasing and finance, insurance premium finance, indirect nonprime automobile finance, and full-service commercial mortgage banking. The company offers these services to bank clients, as well as nonbank clients within and outside its primary geographic market area.
Services
The company’s subsidiaries offer various services targeted to retail and commercial clients. The company’s retail services include asset management; automobile lending; bankcard lending; consumer finance; home equity lending; home mortgage lending; insurance; investment brokerage services; mobile/online banking; payment solutions; retail deposit services; sales finance; small business lending; and wealth management/private banking.
The company’s commercial services include asset management; association services; capital markets services; commercial deposit services; commercial finance; commercial middle market lending; commercial mortgage lending; corporate banking; institutional trust services; insurance; insurance premium finance; international banking services; leasing; merchant services; mortgage warehouse lending; payment solutions; private equity investments; real estate lending; and supply chain management.
Investment Securities
As of December 31, 2013, the company’s investment portfolio included U.S. treasury; mortgage-backed securities (MBS) issued by the U.S. government-sponsored enterprise; states and political subdivisions; non-agency MBS; other; and covered securities.
Deposits
Deposits are attracted principally f

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